Why do performing artists get multiple payments for intellectual property rights!

Why do performing artists get multiple payments for intellectual property rights?

If you buy music by the Beatles for example, and you first bought it years ago on 45, then bought it as part of an album on LP, then bought it on 8- track, and to keep up with the times, you bought it on cassette and later on CD. You have paid for the artist's intellectual property rights five times and the money ends up with the artist who was already paid for his/her intellectual property rights way back when you bought the 45. Why isn't there a system in place which would allow you to turn in the LP and receive intellectual property credit when you purchase the 8-track, and the same for the 8-track when you bought the cassette, etc. Seems like this would be more fair to the consumer.

I think it's because the sound quality has become better with the different changes in platform. Also, the system which your are proposing would be to tedious to keep up with because when you buy an album your not only paying for the artist's intellectual property but for many other expenses.